“Imagine what would happen if the Chinese government passed a law requiring US banks to share customer information with Beijing. People would go nuts. But in the Land of the Free, it’s normal. Crazy.  It gets worse. FATCA was a mere 18 pages of poorly worded legislation that failed to define critical terms. How many pages of regulations did the IRS issue? The answer is a mind numbing 544 pages.  After an initial read, though, the language of the regulation does suggest that custodial gold institutions (like GoldMoney, etc.) should be reported. Offshore safety deposit boxes (like Das Safe) do not.”

http://www.sovereignman.com/finance/do-i-have-to-report-my-offshore-gold-10521/

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